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Author: Scott Dylan
Scott Dylan, Founder of NexaTech Ventures, is an entrepreneur and investor, offering expert insights on AI, technology, and business transformation across global industries.
Aldi’s recent price cuts aim to provide more affordable grocery options for consumers amidst ongoing economic pressures.The German discounter has reduced the prices of over 30 household staples, including essential fresh produce such as apples, oranges, and peaches.Key items like butter, spread, canned foods, personal hygiene products, and pet treats witness an average price reduction of approximately 7%.This strategic pricing reduction follows the trimming of over 130 prices in the last two months, broadening Aldi’s promotional Super 6 fruit and veg offer to a Super 7.Aldi maintains its position as Britain’s cheapest supermarket, offering shoppers significant savings compared to competitors.Aldi…
The NFU is urging immediate government action to prioritise domestic food production equally with environmental concerns.Currently, the UK is 60% self-sufficient in food, but the NFU highlights risks of falling below this level.Inflation and international instability are exacerbating challenges in the UK food supply chain.Climate change is creating extreme weather impacting farmers both locally and globally.The NFU warns against over-reliance on imports amid global economic and climatic challenges.The National Farmers Union (NFU) has called upon the government to embed food production firmly within its political agenda, advocating for it to receive the same focus as environmental issues. Statistics indicate the…
Orange juice prices have reached unprecedented levels due to recent adverse events.A hurricane in Florida has devastated orange crops, significantly affecting supply.Diseases among citrus crops have further compounded production issues.The United Kingdom, heavily dependent on imports, faces increased pressure from rising prices.Industry experts indicate this trend may continue impacting British consumers.The market for orange juice has recently seen a marked increase in prices, reaching record highs primarily due to external natural factors. A severe hurricane struck Florida at a critical time last September, leading to substantial damage to the citrus crops. This natural disaster coincided with the harvest period, exacerbating…
The Co-op has launched two special member offers aimed at delivering significant savings during the summer holidays.Members can choose between the ‘Freezer Filler’ and ‘Supersaver’ deals, each priced at £5.With ‘Freezer Filler’, members receive five frozen items, potentially saving them £9.45.The ‘Supersaver’ deal offers a pizza and Ben & Jerry’s ice cream, saving £9.These offers are part of a broader initiative, where Co-op invested £70m to enhance member price benefits.The Co-op has introduced exclusive member offers designed to generate considerable savings throughout the summer season. These initiatives are expected to ease the shopping expenses for members significantly.The ‘Freezer Filler’ deal…
LoveSeitan, a UK plant-based brand, stops trading after six years.The company faced unexpected slow sales, leading to its closure.LoveSeitan supplied major UK retailers with plant-based products.Economic factors and market conditions impacted the brand’s performance.Other plant-based brands also experience sales challenges recently.LoveSeitan, a producer of plant-based meat alternatives, has announced the cessation of its operations following a significant downturn in sales. The company, known for its innovative seitan products like Facon Bacon and Seitan Pepperoni, made its products available through leading UK supermarkets. Over the years, LoveSeitan established a presence in major retail outlets such as Aldi, Sainsbury’s, and Tesco, providing…
British apple crops this year are predicted to be smaller yet sweeter.Last summer’s extreme heat led to inconsistent apple yields across the UK.Cooler conditions this year have increased natural sugar levels in apples.Growers face ongoing cost pressures despite improved apple flavour.Supermarkets are urged to offer fairer returns to sustain the apple industry.British apple crops are anticipated to be smaller but sweeter this year. The prediction arises from the effects of last summer’s extreme heat and droughts, which resulted in inconsistent apple yields across the United Kingdom. The high temperatures experienced in 2022 caused variability even within the same orchard, with…
Waitrose is elevating its animal welfare standards across the Italian pork supply chain, aiming for confinement-free operations by 2025.British charcuterie is renowned for its high welfare standards, and Waitrose is extending this commitment to its European suppliers.Jake Pickering, Senior Agriculture Manager at Waitrose, highlights a detailed strategy backed by Compassion In World Farming to achieve these goals.The ‘no compromise’ campaign reinforces Waitrose’s leadership in animal welfare, ensuring quality across its diverse product range.The initiative aims to extend the same high-quality welfare standards of British produce to Waitrose’s European-sourced products.Waitrose is taking significant steps to improve animal welfare standards in its…
One Stop has enacted a price lock on over 85 essential goods, designed to aid consumers during the summer season.The move includes a selection of fresh food, alcohol, and commonly used household items.Items in this initiative range from own-label to well-known brands, ensuring broad accessibility and value.Aiming to maximise customers’ purchasing power, One Stop is focusing on value and efficiency.The retailer is also advancing sustainable practices with closed-loop recycling for milk bottles.In a bid to support its customers during the financially demanding summer months, One Stop has initiated a price lock on over 85 products. The array includes fresh foods,…
Nearly three-quarters of consumers are becoming increasingly cognisant of ‘shrinkflation’, whereby brands reduce product sizes while raising prices.A Barclays survey reveals that chocolate, crisps, and biscuits are the categories most impacted by this trend.Many consumers, about 21%, are changing their purchasing habits in response, opting for brands that maintain product sizes.Economic factors, notably the conflict in Ukraine, are driving production cost increases, exacerbating shrinkflation effects.Supermarket spending behaviours are shifting, with a notable percentage of consumers bulk buying and frequenting multiple stores to save money.Nearly three-quarters of consumers are becoming increasingly aware of ‘shrinkflation’, a practice where retailers reduce product sizes…
Southern Co-op has successfully integrated electronic shelf labels (ESLs) in all of its 197 UK stores, significantly reducing operational costs.Over half a million ESLs have been installed, aiming to save the company approximately £220,000 annually in paper and printing expenses.The ESL implementation was part of a collaboration with Scotmid Co-op, which initially trialled the technology.Feedback from employees has been overwhelmingly positive, highlighting efficiency and ease of promotion updates.The ESLs offer additional benefits including displaying legal information, enhancing customer experience.The Southern Co-op has rolled out over 500,000 electronic shelf labels (ESLs) throughout its 197-store footprint across the United Kingdom. This strategic…